by Travis Johnson, Stock Gumshoe | November 9, 2012 8:21 pm
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Appreciate the analysis. Buy Agrium. Growing up on a grain farm in Saskatchewan in the 1950s, I hauled truckloads of grain to one of those elevators with a Saskatchewan Wheat Pool sign. SWP became Viterra and now is swallowed by AGRIUM. Buy when it’s cheap. Listen to Gumshoe.
Thanks George — Glencore is buying the grain elevators and the wholesale and transport stuff, Agrium will end up buying the retail networks (selling seeds, equipment, fertilizer etc. to farmers, as opposed to collecting and storing grain from them) in both Canada and Australia … So they won’t be owning those elevators, but the retailing side will be a nice for for their existing operations.
Hey Gummy! been a reg member for couple years. recently joined irreg. group.
I’m just so impressed by your stable and unbiased comments. Especially, in this world of
some people yelling fire and fear based commentary.
I am glad to be a member here.
Tom..
Thanks Tom — and we’re happy to have you!
Hi Travis,
What are your thoughts on Sprott Resource Lending Q3 Results?
Dang, unfortunately Barron’s focused on Berkshire Hathaway as approaching bargain status this weekend, which means we probably won’t get the share price to drop a couple dollars this week. Still very limited downside, in my opinion, and I’ll still hold out hope that the shares drop a bit since I can’t trade in any of these stocks I’ve written about for three more days, anyway. But if you don’t have such restrictions, I think the downside is very firmly limited by book value … book value can drop, but it almost never has done so for long in the past, so the risk of substantial drops is much lower than with most stocks I own or write about.
You’re more inclined to buy lnaff and brk than aapl?
Yes, but that’s because I bought more AAPL over the last couple weeks and I’m not willing to make it a larger position in my portfolio. I think AAPL is an excellent buy at these prices.
Probably the best “Wall Street” article I’ve read on what
Impact the “cliffs” will have on the market. May not be right, of course, but logical and data-driven and smart: http://www.thestreet.mobi/story/11764147/1/kass-current-fears-are-overblown.html?puc=_wal_html_pla1&cm_ven=EMAIL_wal_html
Sell farm land, buy Agrium?